LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 1, 1995



 TO:     Honorable Senator Ken Armbrister,      IN RE:  Senate Joint
         Chair                                  Resolution
         Committee on State Affairs                            No. 30
         Senate                                         By: West, Royce
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Joint
Resolution No. 30 (Proposing a constitutional amendment
authorizing the legislature to provide for the issuance of bonds
to provide or guarantee surety bonds for historically
underutilized businesses.) this office has determined the
following:

The Resolution proposes a constitutional amendment which, if
adopted, would authorize the Legislature to provide for the
issuance of $50,000,000 in general obligation bonds for the
provision or guarantee of surety bonds for HUB's.  Fiscal
implications would be dependent upon enabling legislation such as
SB 382 or similar legislation.

The cost to the State for publication of the resolution is
$90,000.


No fiscal implication to units of local government is
anticipated.




Source:   Legislative Budget Board
          LBB Staff: JK, VS, DF